| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22.2B | $22.4B | $21.9B | -0.8% | 1.5% |
| Op. Income | $5.4B | $5.9B | $5.7B | -8.4% | -6.5% |
| Gross Margin | 51.2% | 51.4% | 52.4% | -0.2pp | -1.2pp |
| Net Margin | 19.5% | 21.2% | 21.2% | -1.7pp | -1.7pp |
| EPS (Diluted) | $1.78 | $1.95 | $1.88 | -8.7% | -5.3% |
| Free Cash Flow | $3.8B | $4.2B | $3.9B | -9.6% | -2.4% |
| Item | Amount |
|---|---|
| REVENUE | $22.2B |
| Cost of Revenue | $10.8B |
| GROSS PROFIT | $11.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6.0B |
| Other Expenses | $0 |
| Operating Expenses | $6.0B |
| Cost & Expenses | $16.8B |
| OPERATING INCOME | $5.4B |
| Interest Income | $115M |
| Interest Expense | -$220M |
| Other Income/Expenses | $55M |
| INCOME BEFORE TAX | $5.4B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $4.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.3B |
| D&A | $0 |
| EBIT | $5.6B |
| EBITDA | $5.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $22.2B |
| Cost of Revenue | $10.8B |
| GROSS PROFIT | $11.4B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6.0B |
| Other Expenses | $0 |
| Operating Expenses | $6.0B |
| Cost & Expenses | $16.8B |
| OPERATING INCOME | $5.4B |
| Interest Income | $115M |
| Interest Expense | -$220M |
| Other Income/Expenses | $55M |
| INCOME BEFORE TAX | $5.4B |
| Income Tax Expense | $1.1B |
| Net Income from Continuing Ops | $4.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4.3B |
| D&A | $0 |
| EBIT | $5.6B |
| EBITDA | $5.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $4.3B |
| Depreciation & Amortization | $802M |
| Stock-Based Compensation | $141M |
| Deferred Income Tax | $143M |
| Other Non-Cash Items | -$749M |
| Change in Working Capital | $304M |
| OPERATING CASH FLOW | $5.0B |
| Capital Expenditure | -$1.2B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$61M |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | $658M |
| Common Stock Repurchased | -$2.3B |
| Common Dividends Paid | -$2.5B |
| Other Financing Activities | $210M |
| NET CASH FROM FINANCING | -$4.1B |
| FREE CASH FLOW | $3.8B |
| Net Change in Cash | -$346M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10.8B |
| Short-Term Investments | $0 |
| Net Receivables | $6.3B |
| Inventory | $7.8B |
| Other Current Assets | $1.7B |
| TOTAL CURRENT ASSETS | $26.6B |
| PP&E (Net) | $24.5B |
| Goodwill | $41.7B |
| Intangible Assets | $21.7B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.8B |
| TOTAL NON-CURRENT ASSETS | $100.7B |
| TOTAL ASSETS | $127.3B |
| Account Payables | $15.2B |
| Short-Term Debt | $11.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.5B |
| TOTAL CURRENT LIABILITIES | $36.7B |
| Long-Term Debt | $25.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6.0B |
| Other Non-Current Liabilities | $5.7B |
| TOTAL NON-CURRENT LIABILITIES | $37.3B |
| TOTAL LIABILITIES | $74.0B |
| Common Stock | $4.0B |
| Additional Paid-In Capital | $69.0B |
| Retained Earnings | $134.0B |
| Treasury Stock | -$142.0B |
| Accum. Other Comp. Income | -$12.1B |
| Other Equity | -$361M |
| TOTAL STOCKHOLDERS' EQUITY | $53.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $53.3B |
| TOTAL LIABILITIES & EQUITY | $127.3B |
| Total Debt | $36.6B |
| Net Debt | $25.8B |
